Is now a good time to invest in British currency? Are there some good resources for how to do that?
If you have to ask, that means you shouldn't. The word you're looking for is FOREX and it's a great way to lose all your money.
UK votes to leave EU
441–450 of 1001 posts
Re: UK votes to leave EU
#442As other comments have noted, the point is that the EU will not want to give the UK a good deal on leaving, because the EU does not want to give any encouragement to the other countries which want to leave the EU (some of which want to leave more strongly than the UK do - apparently). Secondly, why would the UK end up with a Norway or Switzerland deal, when the UK is the 5th largest economy in the world? This is unpr…
> The scaremongering goes on even after the vote has been called...
The markets are already reacting. And they aren't confident./
Re: UK votes to leave EU
#443Is Scotland going to be exiting the UK next? Guess we'll see in a few years. Hard to know what will happen here, but I suspect once the UK (or what's left of it) signs a trade deal with the EU, they'll get the same deal as Norway - all the compliance with EU regulations, with none of the say. I suppose people may be happy with that deal, as long as they can get to say they're "free". I'm hoping this somehow leave the…
Scotland will leave the UK. Northern Ireland will unify with the Republic. FTSE 100 will open down 12-19%, which probably wipes out ISAs all over the place. This is history in the making. Decided by something like 1 million people as of right now. Just an absolute disaster.
> Decided by something like 1 million people as of right now.
I'm not sure I get this part. Are you just counting the difference in votes? How about the millions that voted for Brexit?
This was decided by %50+ of the populace. If you didn't agree to the terms, why did you come to the voting?
Re: UK votes to leave EU
#444As other comments have noted, the point is that the EU will not want to give the UK a good deal on leaving, because the EU does not want to give any encouragement to the other countries which want to leave the EU (some of which want to leave more strongly than the UK do - apparently). Secondly, why would the UK end up with a Norway or Switzerland deal, when the UK is the 5th largest economy in the world? This is unpr…
The scaremongering has just begun. A successful UK exit is going to be powerful ammunition for any nationalist politician in any EU country.
Which is why the establishment in other EU countries want to ensure it's not successful...
Re: UK votes to leave EU
#445Ctrl-F:lies
We should be talking about the lies.
I'm pleased for the British and think in the long haul this is the correct decision.
Right now though that interests me less than what happened with the media. It was all lies on every level I can think of. Even the Kippers thought they had lost the war.
Is anybody going to talk about the fact that when the polls closed odds showed 95% chance of Leave?
This was all very highly coordinated propaganda. What other reasonable explanation is there? Occam's Razor says: conspiracy is the simplest explanation.
Really if you have a good explanation I'll be waiting to hear it.
Re: UK votes to leave EU
#446Welcome to recession, England. You voted for it.
Optimism and over-confidence biases at work. Great :-/
Re: UK votes to leave EU
#447We are all talking about economics but the whole deal is way more noble than mere money. No European ever has never think "woow this shinny $consumer_object is been produced inside the EU so I don't get to pay the import tax" but every single European younger than 50 at least once in its life has open up the Ryanair website and thought "for 30€ I guess this weekend I will be in London/Paris/Berlin/Madrid/Rome". The w…
Fun fact: Ryanair exists because of EU free trade law. It's an Irish company, and the Irish government wanted to continue to protect it's state owned airline (Aer Lingus) on the lucrative Ireland/UK route, so tried to ban Ryanair from operating it. But EU law required that both countries had to veto the airline or route, and the UK (under Thatcher) were pro-free trade, so allowed it. Hence Ryanair was able to grow.
Re: UK votes to leave EU
#448Is Scotland going to be exiting the UK next? Guess we'll see in a few years. Hard to know what will happen here, but I suspect once the UK (or what's left of it) signs a trade deal with the EU, they'll get the same deal as Norway - all the compliance with EU regulations, with none of the say. I suppose people may be happy with that deal, as long as they can get to say they're "free". I'm hoping this somehow leave the…
Gibraltar may want out too, they voted almost unanimously to remain and they probably won't want to be locked into their detroit by a UE border
Would Spain accept an independent Gibraltar in the EU? Spain might offer union with Spain....
Re: UK votes to leave EU
#449The average age of someone who is voting to leave is above 60, the average age of someone who is voting to stay is below 35. The older generation have voted for something that the younger generation did not want but are now stuck with. They have voted away their future for short term gains. The sooner the baby boomers are all retired the better.
This becomes an interesting problem.
What is the rational approach for a democratically smaller group which has the majority of future earning potential and is better educated ? (this holds for both the young and also for London). Do you leave? Do you back out of wider society and opt for minimal regulation and keep to your own sub groups? Do you grin and bear it as an obligation? You can wait - but the waiting period risks your current advantages.
Re: UK votes to leave EU
#450I truly do not understand our society. Europe is split, even if the countries aren't, the people are. Every political decision ends up being a race of the well-educated against the less-educated. The clash of classes happens not only in Europe, the Trump success is the same story. Maybe I'm just too young and uninformed to understand and that's how the world works ever since?
If you want to understand society better, start by accepting that there are well educated people on both sides.
I do accept that, I may have conveyed the wrong message there. I also did want not judge on what's good or bad.
What I do judge however is that politicians are abusing the divide and the mass media directly influencing it. Non-egalitarian politicians are advertising themselves as the saviour of the poor. It's ironic. The media is publishing data on how education influences the votes and thus implicitly show that there are "the stupid" against "the smart".
Politics is completely torn away from content to emotional rage. When people vote for the far-right they do not show that the far-right have a well thought strategy to make their lives better, but they show that they are not satisfied with their current situation. That's worrisome to me.